Today Prosus Pro is under the scope of our pen. The broker aims to give access to financial markets to everyone. However, its proposals are very controversial and look more like a scam. To dispel all doubts, we will read the reviews of traders and check the data about this company in more detail.
- Prosus Pro General Information
- Registration and Client Portal Review
- Prosus Pro Trading Conditions
- Account Types Review
- Trading Platform
- Prosus Pro — Deposit and Withdrawal of Funds
- Additional Options
- Is Prosus Pro a Scam?
- Legal Information and License
- Prosus-nv.pro Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Prosus Pro General Information
|Website||https://www.prosus-pro.com/, https://www.prosus-pro.net/, https://prosus-nv.pro/|
|Address||Gustav Mahlerplein 5, 1082 MS Amsterdam, Symphony Offices, Netherlands|
Registration and Client Portal Review
The official Prosus Pro website looks unimpressive and generic, with a limited amount of information and a lot of filler content. The website appears to be template-driven, lacking a professional touch, and features many grammatical errors and typos. For example, there is a section on the site called “AML Prolicy”. Obviously, the creators of the project were in a hurry to finally launch the site, which negatively affected its quality.
The registration process on Prosus Pro is straightforward and only requires contacts, some personal info, and a password to create an account. However, the broker does not use two-factor authentication, which is a security measure commonly used by reputable platforms to verify users’ identities and protect their accounts. Additionally, Prosus Pro does not verify clients’ email addresses or phone numbers, which can be seen as a red flag for potential scams.
The Personal Area looks very typical and standard. All the usual functions are available here. You can fund your account or withdraw money, change account settings, and upload documents. There are also links to trading platforms in the Client Portal.
Prosus Pro Trading Conditions
Prosus Pro claims to provide the best conditions. We are afraid that we will have to destroy this statement.
Account Types Review
Prosus Pro offers its clients various trading accounts, including Bronze, Silver, Gold, Platinum, and Diamond. Each account type offers different benefits and trading conditions, such as leverage, spreads, or commissions. However, the differences between these accounts are minimal, and the trading conditions are subpar compared to other reputable brokers.
For example, you need to fund your base account with at least $500. At the same time, market analysis and recommendations will be available to you from additional services. The next type of account is Silver. You need to fund it by 5 thousand dollars. Here a personal broker is added to the list of services. By opening a Gold account, you will get a money management strategy. On a Platinum account, which needs to be deposited by 25 thousand dollars, free withdrawals will be available to you. And the Diamond account promises the client no exchange fees. At the same time, as you may have noticed, there is no mention of available leverage, spreads and commissions in the description of accounts. We should also say that Prosus Pro does not provide a demo or swap-free account.
Prosus Pro’s trading platform is a web-based application that is accessible from any device with an internet connection. The platform is average regarding features and performance, with nothing noteworthy or innovative. It is also prone to frequent crashes and disconnections, which can cause significant losses for traders.
By the way, did you notice the logo of a completely different company in the upper left corner?
Prosus Pro — Deposit and Withdrawal of Funds
Prosus Pro offers several deposit and withdrawal options, including credit/debit cards, bank transfers, and electronic wallets. However, the broker charges high fees for most transactions, including withdrawal fees, which can eat into clients’ profits. As we wrote, only with Platinum and Diamond accounts, withdrawals are free. So for beginners, these are not very good conditions.
To verify their account, clients have to provide a copy of their government-issued ID, proof of residence, and a selfie with their ID. The verification process can take several days, and some clients have reported significant delays and problems. For example, when withdrawing money, the broker may require repeated verification.
The additional Prosus Pro options are quite questionable. The broker promises a lot of things. For example, there is even a mention of SMS signals on the main page. Meanwhile, we have not found any evidence that these signals can be trusted. Who generates them is a big question. Maybe this person does not have a specialized education at all? Prosus Pro is in no hurry to disclose information about what kind of specialists work in the company.
Is Prosus Pro a Scam?
Assessing the trading conditions, we would not call Prosus Pro a good broker. And that’s not the only problem we found.
Legal Information and License
Prosus Pro claims to have a primary listing on stock exchanges. Therefore, allegedly this company is the subject of regulation of Euronext and JSE is very interesting. However, we have a question. Since when is it enough for a broker to list shares on the stock exchange to provide services to clients? Of course, the correct answer to this question since never.
In order to legally provide its services, the company must obtain a license from the financial regulator. However, this is if the company really exists at all. Can you guess what we are leading to? For example, on the Euronext exchange, we found shares of just one company called Prosus.
Here’s a setback. It’s busy in the sphere of services of the global Internet consumer. We’re trying to say that the broker we are currently considering has neither an official registration nor a license. And all its fairy tales about listing on the stock exchange are just fairy tales.
Prosus-nv.pro Domain Info
The domain prosus-pro.com was registered on October 28, 2022, which means the broker is relatively new and lacks a substantial track record or reputation. Additionally, the website has a low trust score and a minimal online presence, which suggests that it may not have many active clients or is not well-established.
By the way, this domain is now unavailable. Look for Prosus Pro at the new URL https://www.prosus-pro.net/. It was registered only on March 7, 2023. Jumping on similar domains is typical of scammers.
And yeah, they did it again. We discovered a new domain as fresh as a glass of orange juice. https://prosus-nv.pro/ was created on 2023-05-29. Let’s play, how many domains will there be in the end?
The broker’s contact details include phone number, email, and address. However, you will not find Prosus Pro at this address. There is the office of the real company, which we have already written about.
Pros and Cons
- Lack of regulation and licensing.
- Low-quality website design and generic content.
- No two-factor authentication and email/phone verification.
- High fees for deposits and withdrawals.
- Average trading platform performance.
Frequently Asked Questions (FAQ)
There is nothing special about the broker’s offers. It is the usual CFD trading and related services.
According to the Terms and Conditions, the minimum deposit on the Prosus Pro platform is $500.
No, Prosus Pro is a fake broker working completely illegally. Of course, your money will not be safe.